A licensee in Pennsylvania assists a buyer in preparing an offer that includes a radon testing contingency. The radon test results show a level of 5.2 pCi/L. Under EPA guidelines and PA practice, what action is recommended?
Correct Answer
D) The buyer should request radon mitigation because the level exceeds the EPA action level of 4.0 pCi/L
The EPA recommends taking action to reduce radon levels at or above 4.0 pCi/L. At 5.2 pCi/L, the level exceeds the action threshold, and the buyer should request radon mitigation as part of the contingency negotiations. Pennsylvania is a high-radon state, and radon testing is common in PA transactions.
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A Pennsylvania buyer's offer includes a home sale contingency. The seller accepts the offer but wants the right to continue marketing the property. Under the PAR Home Sale Contingency Addendum, what is the standard mechanism for this?
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A buyer in Lancaster County signs a PA Agreement of Sale. The agreement includes a provision allowing the buyer to assign the contract to another party. Under Pennsylvania law, which statement about contract assignment is correct?